Sioux Falls Gas Prices Blowing Up

If you're going to be filling up at a gas station along 41st Street or anywhere else in the Sioux Empire, you'll notice a big jump in gas prices.

Gas prices in Sioux Falls just spiked over $3.00 a gallon.

Prices could potentially surge toward or exceed $4 to $5 per gallon

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So what's driving the increase?

Gas prices are influenced by several factors: the war in Iran, the cost of crude oil, available supply, and demand.

Shawn Steward, Public Affairs Manager with AAA South Dakota, says his organization is keeping a close eye on global developments, particularly in the Middle East.

Oil shipments moving through the Strait of Hormuz are facing disruptions, creating ripple effects across global markets.

Seasonality plays a role, too. Historically, gas prices climb as summer approaches with increased vacation travel.